NasdaqGS:CTASCommercial Services
Cintas Pursues UniFirst Deal As Investors Weigh Scale Versus Integration Risk
Cintas, NasdaqGS:CTAS, has resubmitted a takeover offer for rival UniFirst and is in active acquisition talks.
UniFirst has confirmed the discussions and its board is currently evaluating the proposal.
The potential deal, if agreed, would combine two major players in uniform rental and facility services.
Cintas, trading at around $196.1 per share, comes into these talks after sizeable multi year share price gains, including 82.4% over 3 years and 141.2% over 5 years. The 1 year return of a...